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29.03.202112:32 Forex Analysis & Reviews: Daily Video Analysis: NZDUSD facing bullish pressure, potential for further rise!

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Today we take a look at NZDUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure, as we see a bullish divergence on the Stochastic indicator, We could see price rise further above our buy entry level, in line with 23.6% Fibonacci retracement, towards our take profit levels, which are in line with 50% and 61.8% Fibonacci retracement levels, as well as horizontal pullback resistance level.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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